FinTech
Lithuania’s FinTech sector is experiencing dramatic growth and its primary goal in FinTech sector remains to keep increasing competition and to further attract innovative players to the FinTech sector.
Why Lithuania?
The Lithuanian government strongly supports FinTech start-ups, by providing them with benefits that allow FinTech companies to get a license and access the European financial market at significantly lower incorporation and operational costs.
Here, in Lithuania, FinTech start-ups are provided with such privileges as:
- Obtaining e-money or payment institution license in 3 months;
- Sandbox regime which grants non-existence of regulatory sanctions for the first year;
- “Lite” bank license for specialized banks with minimum capital requirement – € 1 M;
- Full SEPA reachability (34 countries) via CENTROlink, a payment; system operated by the Bank of Lithuania, to non-banking institutions, including EMI and API;
- Ability to issue your own IBANs.
Deloitte FinTech services
We, at Deloitte, are active and passionate members of the FinTech ecosystem. We help incumbents to adapt, start-ups to grow and investors to seize the next opportunity, while also creating ways for FinTech to benefit society as a whole.
Deloitte FinTech team
Deloitte brings together professionals with diverse experience and knowledge to provide customized solutions for clients across all segments of FinTech. Our dedicated lawyers, financial and tax advisors stay ahead of technological change by closely following on the latest trends and transformations in FinTech and are able to provide you support on all key stages of establishment and expansion of your business.
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